The transaction is supposed to include the companies Maurer Imobiliare S.A., Maurer Imobiliare Land Constanta S.R.L , Maurer Imobiliare Constanta S.A., Maurer Imobiliare Cluj S.R.L., Maurer Imobiliare Mures S.A., Maurer Imobiliare Sibiu S.A., Maurer Imobiliare Sighisoara S.A., Maurer Villas S.R.L., Maurer Imobiliare Sanpetru S.R.L., Maurer Avantgarden 5 S.R.L., Maurer Imobiliare Reghin S.R.L. and HFS PROFI BAU S.R.L.
“The antitrust watchdog undertakes to assess the economic concentration operation in terms of its compatibility with the normal competitive environment and to issue a decision under the legal deadlines,” according to representatives of the antitrust body.
Revetas is present on the Romanian office space rental market through the The Landmark office complex in capital city Bucharest as well as on the hotel services market through the Radisson hotel complex in Bucharest.
Maurer Imobiliare Group is one of the largest real estate developers in Romania, operating on the local market for over 15 years and selling more than 9,500 apartments in Romanian cities of Sibiu, Sighisoara, Brasov, Constanta, Targu-Mures and Cluj.
In the fall of 2021, Maurer Imobiliare contracted RON136 million financing from lenders CEC Bank and Libra Bank in order to support its development strategy on the local residential market. At the time, the company had more than 1500 employees.
Maurer Imobiliare was established over 16 years ago by businessman Simon Maurer. The company’s first real estate project was carried out in the city of Cluj-Napoca, back in 2005, where it built 29 apartments following an investment of EUR2 million.